Get Pre-Approved FREE For A Best Rate Home Mortgage Before You Shop For A Home!

Should you talk to a mortgage Lender before house hunting?

Absolutely! 

Especially if you haven't so much as picked out homes to visit yet, it's important to see your mortgage LENDER first.

Why?  

MOST SELLERS WON'T even Consider an offer if your NOT PRE-APPROVED FOR HOME LOAN FIRST!

6 Things YOU Must Know Before Making Mortgage Application:  Free Report!

During the mortgage pre-approval process, I will help you determine how much of a monthly mortgage payment you can afford, and and what price range you should be looking in to purchase your new home. I will review your income and debts, your employment history, your available funds for down payment and closing costs, and your credit score. Once I have taken your application and you are approved, I will give you and your Realtor what's called a Pre-approval Letter, supject to a satisfactory appraisal, verification of funds to close and final underwriting review.

When you find a home that catches your eye, and you decide to make an offer, being pre-approved for a best rate mortgage will do a couple of things. First, you NOW KNOW how much you can offer. Your real estate agent will help you decide on an appropriate offer, but being pre-approved for your home loan gives you and the seller the confidence to know you can follow through.

More importantly, to a home seller, your being pre-approved for a mortgage is like you walked into their home with a suitcase full of cash to make the deal! They won't have to wonder if they're wasting their time because you might or might not qualify for a mortgage to finance the amount you're offering for the home. You have the Clout of a cash buyer ready to make the deal right now!

Click here for the Best Financing Plan

Don't wait the home you are interested in may have other offers or may be sold, give me a call today. Better yet! Provide me with some information through my secure basic application page or full application and I will have an approval in less than an hour.

Good luck house hunting.

phil@wilmingtonmortgagegroup.com  



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Mtg Loan    Rate  APR
30-yr Fixed4.97%5.13%
15-yr Fixed4.33%4.56%
1-yr Adj4.27%5.3%
* national averages







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Mortgage News Daily:
 
Lenders Relaxing Non-Agency ARM Regs; High Cost Loan Reporting Guidance; Negative Convexity Defined; New Mortgagee Letter
3/11/2010 9:56 AM

Posted To: Pipeline Press

Who says numbers aren't fun? A top muni bond analyst at Wells Fargo sent THIS to me. Numbers are fun! Sometimes time drags, and sometimes it flies. I came to this brilliant observation yesterday while waiting in the California DMV, waiting for my 15 year old daug...Read More
 
MBS OPEN: Speculative Signs of Reversal in Benchmarks
3/11/2010 7:52 AM

Posted To: MBS Commentary

Good Morning. A nationwide strike has essentially shut down Greece. From the AP : "Thursday's strike — the second in a week — brought the country to a virtual standstill, grounding all flights and bringing public transport to a halt. State hospitals were left w...Read More
 
The Day Ahead: Chinese Inflation Drives Domestic Stocks Lower
3/11/2010 7:21 AM

Posted To: MND NewsWire

Speculation that China may have to tighten its economic policy is pulling investor sentiment lower this morning. Amid positive data on industrial production and retail sales, Chinese CPI climbed 2.7% in February, indicating that the central bank may have to take a more serious approach to slow down...Read More
 
MBS CLOSE: What Can Today Tell Us About Tomorrow?
3/10/2010 4:13 PM

Posted To: MBS Commentary

This is always the question right? I mean, after all, we already know what is available on our rate sheets at the moment, but the most valuable question always asks for tomorrow's MBS prices today. Forgetting for a moment that you'll usually LOSE more money thinking that wa...Read More
 
Mortgage Rates Rise Ahead of Treasury Auction. Fail to Recover Afterward
3/10/2010 3:48 PM

Posted To: Mortgage Rate Watch

Much like Monday, yesterday was a data-less day in the marketplace, leaving me at a loss for words and new guidance. Mortgage-backed securities prices did managed to move higher following a very strong 3 year Treasury debt auction, unfortunately MBS price appreciations were not str...Read More
 
MBS AFTERNOON: Mortgages Playing Follow the Leader with Benchmarks
3/10/2010 2:23 PM

Posted To: MBS Commentary

Heading into the 5pm "what a slow day in the mortgage market" marking period... The FN 4.0 is -0-03 at 98-01 yielding 4.189% and the FN 4.5 is flat on the day at 101 the rock yielding 4.39%. The secondary market current coupon is 4.33%. The CC yield is 61bps over the 10yr...Read More
 
FICO: Americans More Likely to Default on Mortgages than Credit Cards
3/10/2010 1:26 PM

Posted To: MND NewsWire

American consumers are now defaulting on their mortgages in even greater numbers than they are walking away from credit card debt. According to FICO's® Score Trends Service, this is a phenomenon that is historically unique. FICO said the mortgage default risk for consumers with high FICO sc...Read More
 
MBS LUNCH: 10 Year Treasury Auction Results and Reactions
3/10/2010 12:08 PM

Posted To: MBS Commentary

10 year auction has impressive demand, but at higher rates. 3.45 Bid To Cover, but 3.735 % high yield with 70.94% of the bids at high yield MBS and Treasuries both slightly better on the announcement 4.5's are now down only 2 ticks on the day at 100-29 and 10yr yields are back ...Read More
 
Loan Demand Stagnates. Only One Bright Spot in the Production Slowdown
3/10/2010 11:09 AM

Posted To: MND NewsWire

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending March 5, 2010. The survey covers over 50 percent of all US residential mortgage loan applications taken by mortgage bankers, commercial banks, and thrifts. The data gives economists a l...Read More
 
MBS MORNING: Losing Ground As Benchmarks Back Up
3/10/2010 11:05 AM

Posted To: MBS Commentary

4.5 MBS down 6 ticks to 100-26 10yr Tsy about 5bps higher at 3.743 (vs. 5pm yesterday) Wholesale Trade Improves from -.8% to -.2%, but misses expectation of +.2%, no one cares Pre-Auction Concession + range dynamics weigh on 10's, MBS follow The movements in bonds this AM tells...Read More





Wilmington Mortgage Services, Inc. 2383 Limestone Rd. Wilmington, DE 19808
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